Question: Changes in Current Operating Assets and Liabilities Indirect Method Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year

Changes in Current Operating Assets and LiabilitiesIndirect Method

Victor Corporation's comparative balance sheet for current assets and liabilities was as follows:

Dec. 31, Year 2Dec. 31, Year 1Accounts receivable$19,000$16,700Inventory49,60057,000Accounts payable11,70010,000Dividends payable28,00026,000

Adjust net income of $117,300 for changes in operating assets and liabilities to arrive at netcash flow from operating activities.

$

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

eBook Show Me How Calculator Print Item Changes in Current Operating Assets and Liabilities --Indirect Method Blue Circle Corporation's comparative balance sheet for current assets and liabilities...

Q:

Changes in Current Operating Assets and Liabilities - Indirect Method Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31,...

Q:

Changes in Current Operating Assets and Liabilities - Indirect Method Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31,...

Q:

Changes in Current Operating Assets and Liabilities - Indirect Method Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31,...

Q:

Changes in Current Operating Assets and Liabilities - Indirect Method Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31,...

Q:

Changes in Current Operating Assets and Liabilities - Indirect Method Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31,...

Q:

Changes in Current Operating Assets and Liabilities Indirect Method Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1...

Q:

Changes in Current Operating Assets and Liabilities --Indirect Method Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 2012 Dec 31, 2011...

Q:

changes in current operating assets and liabilities, indirect method blue circle corporations, comparative balance sheet for current assets and liabilities was as follows account receivables 13,200...

Q:

Changes in Karen, operating assets and liabilities, indirect method blue circle corporations comparative balance sheet for current assets and liabilities was as follow Changes in Current Operating...

Q:

Detail each step you will take as you develop a new performance evaluation system.

Q:

A uniform T-section is 120 mm wide and 180 mm deep with a flange thickness of 25 mm and a web thickness of 12 mm as shown in Figure 3. If the limiting bending stresses for the material of the beam...

Q:

How does strong economic performance affect insurer value?Lower claim frequencyReduced risk premiumStatus quoRating upgrades

Q:

Two medical laboratories (lab 1 and lab 2) join forces to develop a new antibiotic. Each laboratory must decide how many researchers to assign to the joint project. The more researchers they assign...

Q:

1. Provide new information that contains more than 59 items, depending on the recipients capacity.

Q:

3. Give away need to know information and you will get back information that you find useful.

Q:

4. Present multiple themes at once. Then you will get to know a little about how others think, when some of the themes are rejected.